XRP/USDT – 1H – BUYIn addition a ‘Double top retreat up’ chart formation is discovered. The formation shows ‘Double top retreat up’. which is a positive pattern signal. The currency pair is likely to rise.
In addition a ‘StochRSI fall below 80’ indicator signal is detected. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 3.2689604 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 3.334200000 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.382500000 |
| 2nd High | 3.347500000 |
| Next High | 3.334200000 |
| Current Price | 3.162900000 |
| Next Low | 3.152100000 |
| 2nd Low | 2.964100000 |
| 3rd Low | 2.901400000 |
3.334200000 – 3.347500000 – 3.382500000 – 3.152100000 – 3.205100000 – 2.964100000 — 39.55647515066 – 43.206838720583
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – Double top retreat up – –